Tokyo Stock Exchange Will List Its First Gold Exchange-Traded Fund

U.S. Global Investors Weekly
"After China’s announcement that it would increase petrol and diesel prices by 18 percent, gold settled at about $900/ounce. This decision only confirms global concerns about inflation and the governments’ inability to control it. More investors will be drawn to gold as the safe haven among investments.

The Tokyo Stock Exchange will list its very first gold exchange-traded fund at the end of this month. Various gold ETFs are currently traded in New York, Mexico, Australia, Canada, South Africa and Singapore." (6/20/08)

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